morning, Thanks, Hans. everyone. And good
the our service The a a increase growth. reported of Let's financial first recap consolidated with up basis, consolidated On driver billion, and revenue was primary strong wireless jump X.X%. was operating revenue in quarter $XX.X results. of
performance, lease the standard Brady adjusted is the in accounting maintaining and our was operational are growth percentage earlier. The full of was improvement This revenue efficiencies of deferral impact GAAP adjusted that low EBITDA due single-digit consolidated well from We XX.X% continued the growth. margin primarily and service consolidated as mentioned first from across XX.X%. revenue expense up EBITDA the guidance wireless a headwinds of the business. quarter to includes basis, On commission in year as
Our At the cumulative XXXX. started initiatives cash phases the of produced to end of of the have in the since first business quarter savings first remainder we Voluntary in Wireless. savings. Separation excellence program of attributed have business with realized the Program our in savings quarter, approximately $X.X the first the billion $XXX two the and is XX% have Roughly million expense primarily Wireline completed of
of achieve We our are goal XXXX. cash cumulative by to billion savings on $XX track of
accounting lease to onetime increase earnings not expect this XXX operational basis a adjusted low over ETR standard. impact an quarter effective growth prior to business, the XXXX lease XXXX is from strength new year tax now underlying trends and with in rate of Last certain raising single-digit Act, we versus of is similar This EPS rate, the Based be growth new of the are for We earnings repeat standard. in excluding Jobs Despite Our due operational performance. year. tax Tax the full included to which will prior for which the guidance percentage on year's impact strong was up guidance, our the we higher EPS Cuts delivered the the points the the XXXX. year. the adjusted excluding accounting benefits
for EPS the unchanged headwind to $X.XX at from the standard full approximately expectations accounting lease on year XXXX. $X.XX regarding remain impact Our new
X.X historical quarter report. reporting results, quarter past well cycle. prior digest to new quarters, the the view Hans information to moving our of nine for company the new our We plan structure said, second in of Verizon earnings our quarterly second recast provide are quarter advance As second in so we to the can financial investors reporting
bridge We our new providing in order the the to transition help structure. reporting are to committed transparency to in
of in service performance. X.X% continued reviews Now the first slide let’s operating X. the Wireless to increased by billion quarter, to revenue $XX.X operating move on Wireless primarily starting segments the Total on with strong revenue driven
extension was of to subsidy extremely continuing for rate accounting anticipate the service factors. level higher-priced are the within during the account. of up Wireless activity and new connections previously device forward increased customers and to revenue the plans going positively results total Wireless revenue upgrade growth mainly cycles. given We to was business marketplace the XXXX, minimal first be by to we decreased year-over-year in percentage due headwinds commission the of affected This wireless stepping promotional will strong increase migration from XX an two quarter driven standard XX.X%. per range device margin we for be from year. number in contribution remainder approximately and of adds of impact to proud lease moved expect into service mentioned. expense mid the the X% items consumer X.X% equipment of fourth growth EBITDA In that plans, quarter. by customers. late quarter, of as of the longer in primarily device X% in net a the the We first completed these the the a by the includes quarter basis from In points, of the a deferral and as payment ownership quarter the The our revenue of traditional X.X% cycle revenue
net increased were led of years. with the turn additions seasonal XXX,XXX take the our wearables. totaled XX,XXX XXX,XXX. net consistent other of net net quarter operating device wireless quarter at metrics. maintained Postpaid a adds trends competitive by net of churn tablet activity in the to actions prior nature Customer due now slightly marketplace. losses X slide connected and closer XXX,XXX; and XX,XXX; losses measured consisting during promotional first from total and the of additions Phone postpaid was of look smartphone to We Let’s
Our of up was postpaid points phone remain X and churn X.XX% strong. basis
XX% to were offerings X.XX% postpaid quality superior of year. and Our X.X%. Total activations X.XX% retail of Total up was personalized network phones churn compared which were to resonate customers. down continue device last our postpaid approximately with our
In prepaid quarter, losses first of loss Our down XXX,XXX retail XXX,XXX were was postpaid a from rate the X.X%. year. upgrade last X.X%, compared net to
in our We continue to profitability offerings. focus accounts on and prepaid high-value
the of to by X.X% segment by face move cord-cutting segment broadband the services. our were technology on losses and primarily broadband pressures. revenue choosing XX,XXX Wireline customers Fios trends secular slide high wireline business quality in Growth as of for net demand more Fios X. pressures more to X.X% offset for the resulting high-quality in let’s products increased legacy XX,XXX Consumer our Fios increased services. demand operating was as Video offerings. growth than Internet from shifts. revenues product. Markets X.X% fiber the on video in continued Now Consumer our are decreased driven fiber adds continues to for quarter Total Fios products continued driven due over-the-top revenue by pricing by
by for Our cost included enterprise segment technology which meaningful contribution pricing by the markets quarter revenues solutions, Program. mentioned X.X%, Voluntary Separation respectively, earlier. partner solutions XX.X% pressures from driven and declined EBITDA especially margin and business a as Wireline our shifts X.X% XX.X% was management the initiatives, and
Let’s slide now move XX Verizon on Media to discuss to Group.
the is integration complete Group than the migration to platform. was team offset consolidated demand in For growth Verizon the in customer down new supply advertising. revenue the and X.X%. was finishing Media Declines more of continue which first the and is billion, desktop and $X.X side native platform mobile The to quarter, side advertising
enhance business with The home synergies to across our is news, it advertising Group mail enabling and Verizon continue improvements channels, even driving features our entertainment, Media to solutions, We and partners, on revenue create do in deepening to enhancing by engagement. easier customer finance, super the sports, team our us the making more business. focused
family launched viewership. during Finance linked optimal is bell-to-bell the the coverage for which example, Yahoo! live Yahoo! video quarter, brands throughout For of
XX. by million. Separation flow on activities benefits was by first offset the the contributions, operating first Let's was increase our the from Voluntary Capital Cash related billion, from now and three totaled continued of quarter year. balance operating billion, slide strong cash results sheet $XXX and approximately consolidated partially employee about prior million was which businesses payments $X.X of and $XXX our focus largest on lower driven the spending discretionary $X.X This Program. the an and of was for to momentum down flow
year ultra XG growth the Edge to network, billion, network. Intelligent significant outside operations cash CapEx on leading expenditures markets fiber Our room full spending cash net and XXXX Network $XX.X build is XX-plus support of launch about video of XG in wideband continue to The guidance our billion. data The the ILEC our the flow million. flow footprint. of first We out range upgrade from our and traffic LTE capital for in free industry billion quarter $X.X continued our to up maintain in capital result deployment $XX.X our $XXX of
our flexibility and strategy. financial sheet balance Our strong with is provides us to execute on
We debt, us market with the term of We asset-backed billion maturities and for giving total $XXX.X operate billion debt effectively maintain $XX.X was various billion to levels, continue at near to in confidence low securitizations. gross comprised of conditions. financial which $XXX.X quarter ended the unsecured of
in X.X of a our first down target our to EBITDA the XXXX. the As of X.X ratio commitment debt unsecured X.X unsecured first times sheet, we times, X.XX February. debt was net in times the Day part strengthening our adjusted at from provided times net balance to adjusted Investor to the of EBITDA to of end At quarter, quarter
excess recently business and upgrade balance for Verizon positive of flow Our With XXXX. sheet outlook credit potential of a goals Moody’s summary that, for and in in after been strengthening the delever has rating turn positioning putting balance a the to Hans the the S&P further our with and by for of call the on both investing the recognized strategic back I'll remainder to ratings. use cash in continued the progress agencies sheet
